BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...
The U.S. Army has awarded BAE Systems‘ land and armaments business a $113.1 million contract modification to procure modernized units of the Bradley Fighting Vehicle. BAE will provide M2A4 and M7A4 ground armored vehicles to the service branch, the Department of Defense said Wednesday. The Army used its fiscal 2022 and 2023 procurement funds f...
A subsidiary of BAE Systems‘ U.S. business arm will provide software development and maintenance, technical support and fleet services under a $91.5 million contract from the U.S. Navy. BAE Systems Technology Solutions and Services was tapped to deliver system and subsystem support services to the Navy, Marine Corps, Military Sealift Command, ...
BAE Systems has agreed to acquire Ball’s (NYSE: BALL) aerospace business for approximately $5.55 billion as part of efforts to accelerate the British defense contractor’s space market strategy and expand its technology offerings for the U.S. government. “This marquee acquisition would advance our company’s position in some of the fastest...
BAE Systems is in discussions with Westminster, Colorado-based Ball Corp. (NYSE: BALL) to purchase the latter’s aerospace division in a potential deal worth more than $5 billion. If an agreement is reached, the British defense contractor would take over the business that manufactures instruments and sensors for military, aerospace and national...
Gary Sauer, a former program manager at the Defense Advanced Research Projects Agency, has been named vice president of business development for advanced research and development at Eqlipse Technologies. He will lead the expansion and transition of Eqlipse’s R&D capabilities to operational programs that support defense and intelligence com...
American Systems President and CEO Peter Smith is set to retire on Sept. 5 after a 43-year career with the company and will be succeeded by John Steckel, vice president of corporate development. Smith, a three-time Wash100 winner, will continue to be part of American Systems’ board of directors after he steps down from the...
Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
Rahul Thakkar, a former Amazon Web Services managing director, has been named president of BAE Systems‘ Bohemia Interactive Simulations subsidiary. Thakkar will oversee the day-to-day operations of the military training and simulation software developer and explore potential market opportunities for the business, BISim said Tuesday. He previou...
